Shytoshi Kusama, leader of the Shiba Inu project, recently secured a $12 million investment from top venture capital firms, including Cypher Capital, following strategic travels to Hong Kong, Japan, and the United States. This funding will support Shiba Inu’s development of Fully Homomorphic Encryption (FHE) on the blockchain, facilitated through the upcoming TREAT token.
Partnering with Zama, a leader in encryption technology, this venture aims to strengthen Shibarium, Shiba Inu’s blockchain platform, and enhance its security and utility in digital transactions. Kusama’s tweet hinted at further growth opportunities, including potential expansions and partnerships, raising excitement within the SHIB community.
Shiba Inu’s recent positive market performance, with over a 23% surge in the past week, aligns with the community’s anticipation of upcoming enhancements. The project’s strategic initiatives and funding set the stage for significant technological advancements and a promising future for the cryptocurrency.
Read More >> https://cryptotale.org/shiba-inu-secures-12m-for-new-crypto-encryption-tech/
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